Hong Kong stocks rose to a new year high yesterday, boosted by optimism interest rates will remain stable.
Gains on Wall Street on Monday enabled the market to maintain the momentum that has seen it rise for seven straight trading days.
The Hang Seng Index rose as high as 11,645.35 after the opening, breaking the previous high of 11,600.22 set in February this year.
Conglomerates and property stocks paced the rise, while banking counters paused for breath after their earlier strength.
The benchmark index eventually closed 53.71 points up at 11,621.61.
Turnover was impressive at $7.04 billion, although down from Monday's revised $7.56 billion.
Sassoon Securities dealing director Michael Ng said: 'The market keeps going up, but we have seen some profit-taking in the finance sector.
